Course Information
SemesterCourse Unit CodeCourse Unit TitleT+P+LCreditNumber of ECTS CreditsLast Updated Date
1BNS 117General Economics3+0+03504.11.2026
Course Details
Language of Instruction Turkish
Level of Course Unit Associate Degree
Department / Program Banking and Insurance
Type of Program Formal Education
Type of Course Unit Compulsory
Course Delivery Method Face To Face
Objectives of the Course It aims to provide students with a comprehensive understanding of the fundamental concepts and principles of economics, enabling them to analyze microeconomic and macroeconomic indicators. The objective is to help students grasp core economic phenomena such as market operations, the supply and demand mechanism, inflation, economic growth, and employment, thereby empowering them to interpret financial developments in the banking and insurance sectors through an economic perspective.
Course Content Introduction to Economics, Fundamental Concepts, and the Production Possibilities Curve
The Price Mechanism: Supply, Demand, and Market Equilibrium
The Concept of Elasticity and Its Applications
Theory of Consumer Behavior and Production Costs
Market Structures (Perfect Competition, Monopoly, Oligopoly)
Introduction to Macroeconomics and National Income Accounting (GNP, GDP)
Concepts of Inflation and Unemployment
Functions of Money, the Banking System, and the Money Creation Process
Central Banking and Monetary Policy Instruments
Fiscal Policy, Foreign Trade, and Economic Growth
Course Methods and Techniques Konu anlatımı, pekiştirici örnekler ve sınıf içi yarışmalar, ödev ve sınavlar.
Prerequisites and co-requisities None
Course Coordinator None
Name of Lecturers Asist Prof.Dr. Gamze DESTEK gamze.destek@hku.edu.tr
Assistants None
Work Placement(s) No

Recommended or Required Reading
Resources İktisat, Rudiger Dornbusch, David Begg, Stanley Fischer, İŞ BANKASI YAYINLARI, ISBN 9789944889988.

Course Category
Mathematics and Basic Sciences %0
Engineering %0
Engineering Design %0
Social Sciences %100
Education %0
Science %0
Health %0
Field %100

Planned Learning Activities and Teaching Methods
Activities are given in detail in the section of "Assessment Methods and Criteria" and "Workload Calculation"

Assessment Methods and Criteria
In-Term Studies Quantity Percentage
Mid-terms 1 % 40
Final examination 1 % 60
Total
2
% 100

 
ECTS Allocated Based on Student Workload
Activities Quantity Duration Total Work Load
Course Duration 14 3 42
Hours for off-the-c.r.stud 14 5 70
Mid-terms 1 15 15
Final examination 1 20 20
Total Work Load   Number of ECTS Credits 5 147

 
Course Learning Outcomes: Upon the successful completion of this course, students will be able to:
NoLearning Outcomes
1 This statement defines the fundamental concepts of economics and the problem of scarcity, thereby explaining the concept of opportunity cost.
2 It analyzes the functioning of the price mechanism using the principles of supply, demand, and market equilibrium.
3 It compares different market structures (such as perfect competition, monopoly, and oligopoly) by examining consumer behavior and production costs.
4 It defines key macroeconomic variables such as national income, inflation, and unemployment, and interprets these data.
5 It evaluates the effects of the central bank, monetary policy, fiscal policy, and the banking system on macroeconomic balances.

 
Weekly Detailed Course Contents
WeekTopicsStudy MaterialsMaterials
1 conomy and economic life, micro, macro positive and normative economics concepts. The relevant book section is read before coming to the lesson.
2 Demand, supply and market equilibrium. Supply and demand curves and their elements. The topics that were covered last week and that will be covered this week are read from books and other sources and watched from videos.
3 Elasticities of supply and demand. The topics that were covered last week and that will be covered this week are read from books and other sources and watched from videos.
4 Consumer preference and demand decisions, Market demand curve, Complementary goods and substitute goods. The topics that were covered last week and that will be covered this week are read from books and other sources and watched from videos.
5 Introduction to supply decisions. The topics that were covered last week and that will be covered this week are read from books and other sources and watched from videos.
6 Costs and supply. The topics that were covered last week and that will be covered this week are read from books and other sources and watched from videos.
7 Perfect competition and monopoly market. The topics that were covered last week and that will be covered this week are read from books and other sources and watched from videos.
8 MIDTERM
9 Introduction to macroeconomics. The topics that were covered last week and that will be covered this week are read from books and other sources and watched from videos.
10 Output and aggregate demand. The topics that were covered last week and that will be covered this week are read from books and other sources and watched from videos.
11 Fiscal policy and foreign trade The topics that were covered last week and that will be covered this week are read from books and other sources and watched from videos.
12 Exchange Rate and Balance of Payments The topics that were covered last week and that will be covered this week are read from books and other sources and watched from videos.
13 Inflation, expectations and reliability The topics that were covered last week and that will be covered this week are read from books and other sources and watched from videos.
14 Unemployment and Growth. The topics that were covered last week and that will be covered this week are read from books and other sources and watched from videos.
15 FİNAL

 
Contribution of Learning Outcomes to Programme Outcomes
P1 P2 P3 P4 P5 P6 P7 P8 P9 P10 P11 P12 P13 P14
All 3 2 3 1 2 4 2
C1 3
C2
C3 4
C4 4
C5 2

  Contribution: 1: Very Slight 2:Slight 3:Moderate 4:Significant 5:Very Significant